Monday, 16 May 2011

Equitable in numbers

In case you forgot how many people are affected by the Equitable scandal, here are some figures:

945,000 will get lump sum compensation averaging around £800

37,000 on top of that, the With-Profit Annuitants, will receive full compensation

60% is the loss that some With-Profit Annuitants have suffered to the pensions

100,000 will get no compensation because their losses are deemed to be less than £10

400,000 Equitable policyholders are judged not to have lost out, so get nothing

50,000 policyholders have died without being compensated

10,000 With-Profit Annuitants are in their 80s or older but will not be paid anything because they started their policies too early

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